Foreign Treasury Holdings Drop $72.1 Billion in June as Japan and China Cut Positions
Updated
Updated · Bloomberg · Aug 17
Foreign Treasury Holdings Drop $72.1 Billion in June as Japan and China Cut Positions
3 articles · Updated · Bloomberg · Aug 17
Summary
$72.1 billion of foreign-held US Treasuries disappeared in June from May levels, Treasury Department data showed, taking total overseas holdings down to $9.3 trillion.
Japan and China led the pullback, driving the monthly decline in what had been a key source of demand for US government debt.
June marked the third drop in four months, extending a retreat from the record high reached in February.
The figures point to softer foreign appetite for Treasuries after months of elevated holdings, with the latest weakness concentrated in the two largest overseas owners.